GBP News 

Citi’s Head of Euro Swaps Leaves Amid Relocations to France

“Estimates of the impact of the worst-case scenario on the jobs figures vary, but some reports expected that London could lose up to 250,000 financial jobs” writes Aziz Abdel-qader for financemagnates.com. Citigroup is reportedly parting ways with its long-serving executive Jason Cohen, the head of euro swaps trading, as the US bank is boosting its operations in France ahead of Brexit, efinancialcareers reports.The Wall Street lender revealed plans last year plans to relocate 63 jobs out of London, as it prepares for the possibility of a hard Brexit.The French capital, home to several EU entities, has emerged as one of the favored destinations for many global financial institutions that will have to be relocated to new hubs inside the European Union after Brexit.
 
Source: financemagnates.com



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